Next Article in Journal
Treatment of Low Biodegradability Leachates in a Serial System of Aged Refuse-Filled Bioreactors
Previous Article in Journal
Analysis of Energy Sustainability in Ore Slurry Pumping Transport Systems
Open AccessArticle

Climate Impacts on Capital Accumulation in the Small Island State of Barbados

1
US Center, Stockholm Environment Institute, Somerville, MA 02144, USA
2
Department of Civil and Environmental Engineering, Tufts University School of Engineering, Science & Engineering Complex, Anderson Hall, Medford, MA 02155, USA
3
Brighton Business School, University of Brighton, Mithras House, Lewes Road, Brighton BN2 4AT, UK
4
BlueGreen Initiative Inc., Peterkin Road, St. Michael, Barbados
*
Author to whom correspondence should be addressed.
Sustainability 2019, 11(11), 3192; https://doi.org/10.3390/su11113192
Received: 9 May 2019 / Revised: 31 May 2019 / Accepted: 4 June 2019 / Published: 7 June 2019
(This article belongs to the Section Economic and Business Aspects of Sustainability)
This paper constructs a model of climate-related damage for small island developing states (SIDS). We focus on the loss of private productive capital stocks through extreme climate events. In contrast to most economic analyses of climate impacts, which assume temperature-dependent damage functions, we draw on the engineering literature to allow for a greater or lesser degree of anticipation of climate change when designing capital stocks and balancing current adaptation expenditure against future loss and damage. We apply the model to tropical storm damage in the small island developing state of Barbados and show how anticipatory behavior changes the damage to infrastructure for the same degree of climate change. Thus, in the model, damage depends on behavior as well as climate variables. View Full-Text
Keywords: climate change; adaptation; loss and damage; damage function; return period; tropical cyclone climate change; adaptation; loss and damage; damage function; return period; tropical cyclone
Show Figures

Figure 1

MDPI and ACS Style

Kemp-Benedict, E.; Lamontagne, J.; Laing, T.; Drakes, C. Climate Impacts on Capital Accumulation in the Small Island State of Barbados. Sustainability 2019, 11, 3192. https://doi.org/10.3390/su11113192

AMA Style

Kemp-Benedict E, Lamontagne J, Laing T, Drakes C. Climate Impacts on Capital Accumulation in the Small Island State of Barbados. Sustainability. 2019; 11(11):3192. https://doi.org/10.3390/su11113192

Chicago/Turabian Style

Kemp-Benedict, Eric; Lamontagne, Jonathan; Laing, Timothy; Drakes, Crystal. 2019. "Climate Impacts on Capital Accumulation in the Small Island State of Barbados" Sustainability 11, no. 11: 3192. https://doi.org/10.3390/su11113192

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Search more from Scilit
 
Search
Back to TopTop